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A Sign Of The Times? Industrial Vacancies Increase In South Florida

More warehouse spaces are sitting empty in South Florida. The delivery of new construction combined with the pandemic are to blame.

Vacancies rose from the first to second quarter in Miami-Dade and Broward, according to the latest Colliers International industrial reports.
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Developer Breaks Ground On Hialeah Gardens Warehouses

Foundry Commercial broke ground on Midpointe Miami Logistics Park in Hialeah Gardens thanks to a $26.32 million construction loan.

Wells Fargo Bank awarded the mortgage to Foundry Gallop Miami I LLC, an affiliate of the Orlando-based developer. It covers the 18-acre site at 14501 N.W. 109th Ave.

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Doral Industrial Park Targets ‘Most Active Tenant Segment’ Of Less Than 15,000 SF

A joint venture between TRX Investments and EverWest Real Estate Investors has tapped CBRE to lease its industrial park in Doral.

CBRE’s Devin White, David Albert, and Andrew Fernandez were tasked with leasing North Doral Park, which was designed with smaller-size tenants in mind.

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